Word Finder - obligor

noun

definition

The party bearing a legal obligation to another party (the obligee).

Examples of obligor in a Sentence

American law is in general agreement with English, except in the case of Louisiana, where the terms obligor and obligee are used in as wide a sense as the debitor and creditor of Roman law.

As bankers we are primarily concerned with our exposure to the original obligor.

The party bound is still called the obligor, the party in whose favour the bond is made the obligee.

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